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IPhone 14 Pro models are promoted outside Apple Inc’s flagship store in Shanghai, China, October 13, 2022.
CFOTO | Future Publishing | Getty Images
Chinese consumers are on average spending more on smartphones than ever before, according to new data, which bodes well for U.S. giant Apple in a critical market for its expensive iPhones.
The average selling price of smartphones in mainland China was $450 last year and is expected to keep growing…
